Top Lenders in Region 6 | Affected by the Drought? | Small Business Owners Speak

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Sept. 4, 2012

SBA Region VI News, Sept. 4, 2012

Brought to you by the U.S. Small Business Administration

Top Lenders In Each District Earn Awards at Mid America Lender's Conference in Houston

A Message from the Regional Administrator

By Yolanda Garcia Olivarez

Yolanda Garcia Olivarez, Region 6 Regional Administrator
Access to capital is critical for entrepreneurs.  That's why the SBA is streamlining and simplifying loan programs in order to get more dollars into the hands of startup and existing small business owners. 
To find out about loan program changes and updates, close to 600 lenders and resource partners from our five states - Arkansas, Louisiana, New Mexico, Oklahoma and Texas – gathered in Houston for the 18th Annual Mid America Lender's Conference Aug. 13-15.  My hats off to Manuel Gonzalez and the Houston District Office staff for helping put together a great training and networking event.  
Among the top speakers at the event were Jeanne Hulit, SBA Associate Administrator for the Office of Capital Access and Patrick Kelley, Deputy Associate Administrator for Capital Access Jeanne said feedback from our lenders has been very important in making our loan programs more user friendly for lenders and more accessible for borrowers.  


SBA continues to work to open more doors to more dollars in every community, especially in underserved communities.  In fact, studies have shown the importance of low-dollar loans to small business formation and growth in underserved communities.  Patrick explained how SBA is helping to bridge the lending gap in this area through the Small Loan Advantage 2.0 program.  He reported the changes made to the program are based on lender feedback, and that the loan program can now be used by all lenders, including lenders outside of SBA's preferred lender program.  The SLA 2.0 loan limit has been increased to $350,000 and banks are able to use their own underwriting process which increases efficiency.
Also, during the conference, each District Office recognized its top lenders for their accomplishments in three different categories: 7(a) Highest Volume Lender, 504 Highest Volume Lender and a special Rising Star lender who showed an increase in SBA lending in the District.  Lenders were rated on their accomplishments during July 1, 2011 through June 30, 2012. 

Below are the award winning lenders in each District.

Arkansas District Office

Linda Nelson, District Director
Linda Nelson
7(a) High Volume Lender

Arvest Bank

504 High Volume CDC

Six Bridges Capital Corporation

Rising Star

Arkansas Capital Corporation Group


Dallas/Fort Worth District Office

Herb Austin, District Director
Herb Austin, Dallas/Fort Worth District Director
 7(a) High Volume Lender

BBVA Compas

504 High Volume CDC

Greater East Texas CDC

Rising Star

Titan Bank


El Paso District Office

Phil Silva, District Director
Phil Silva, District Director
7(a) High Volume Lender

United Bank of El Paso del Norte & WestStar Bank (tied)

504 High Volume CDC

ACCION Texas


Houston District Office

Manuel Gonzalez, District Director
Manuel Gonzalez, Houston District Director
7(a) High Volume Lender

BBVA Compass

504 High Volume CDC

Capital Certified Development Corporation

Rising Star

Wallis State Bank


Louisiana District Office

Mike Ricks, District Director
Mike Ricks, Louisiana District Director
7(a) High Volume Lender

Gulf Coast Bank & Trust Company

504 High Volume CDC

Louisiana Capital Certified Development Corporation

Rising Star

ASI Federal Credit Union


Lower Rio Grande Valley District

Sylvia Zamponi, District Director
Sylvia Zamponi, LRGV District Director
7(a) High Volume Lender

BBVA Compass

504 High Volume CDC

Texas Certified Development Company, Inc.

Rising Star

Lone Star National Bank


Lubbock (West Texas) District Office

Calvin Davis, District Director
Calvin Davis, Lubbock District Office
7(a) High Volume Lender

First National Bank of Baird

504 High Volume CDC

Capital Certified Development Corporation

Rising Star

SouthWest Bank


New Mexico District Office

John Woosley, District Director
John Woosley, New Mexico District Director
7(a) High Volume Lender

Wells Fargo Bank

504 High Volume CDC

Enchantment Land Certified Development Company

Rising Star

Community 1st Bank Las Vegas


Oklahoma District Office

Dottie Overal, District Director
Dottie Overal, Oklahoma District Director
7(a) High Volume Lender

BancFirst

504 High Volume CDC

Rural Enterprises of Oklahoma, Inc.

Rising Star

Bank of Hydro


San Antonio District Office

Pam Sapia, District Director
Pam Sapia, San Antonio District Director
7(a) High Volume Lender

BBVA Compass

504 High Volume CDC

Capital Certified Development Corporation

Rising Star

Wallis State Bank

32 States Affected

SBA Drought Disaster Declarations

The SBA has issued drought declarations in 32 states covering more than 1,630 counties. Small, nonfarm businesses in these counties are now eligible to apply for low interest federal disaster loans from SBA.  These loans, up to $2 million, can help offset economic losses because of reduced revenues caused by the 2012 drought season.  Loans can be used to help meet financial obligations and operating expenses which could have been met had the disaster not occurred.

Each state in Region VI has been affected by the drought.  Click below to see if your county has been affected:

Apply for a disaster loan online at https://disasterloan.sba.gov/ela/
Disaster loan information and application forms are available from SBA's Customer Service Center by calling SBA toll-free 800-659-2955 or email disastercustomerservice@sba.gov or visit www.sba.gov/disaster.

Region VI “Small Business Owners Speak”

Don’t think the SBA can help you? Think again! Small business owners from around the country share how they used an SBA service - everything from startup loans to disaster recovery - to help their business start, grow, and succeed. SBA launched an interactive platform featuring videos from entrepreneurs from across the country that have started or grown a business with the help of the SBA. 

The videos are featured at www.sba.gov/stories.

Hear what small businesses in  Region VI have to say: